TIAA, FSB Appoints New Members to its Board of Directors

St. Louis/New York, May 24, 2016 – TIAA-CREF Trust Company, FSB, a provider of banking, lending and fiduciary products, today announced the appointment of three new, highly qualified members to its board of directors.

Rohan Williamson, professor of finance and Bolton Sullivan/Thomas A. Dean Chair in International Business at the McDonough School of Business at Georgetown University

“We are excited to add these talented individuals to our board. They bring diverse experience and deep expertise in financial services that will be invaluable as we continue to grow the range of banking services we offer to customers,” said Rick Calero, president and CEO, TIAA-CREF Trust Company, FSB.

These appointments come after three current board members retire or take on new roles.

As CEO of Retail Financial Services at TIAA, Andrade leads the business unit dedicated to individual customers, helping them manage their finances and achieve a lifetime of financial well-being. Her organization offers customized financial advice and a broad set of savings and investment solutions, including education savings, life insurance and banking services. She replaces former board chair Doug Chittenden, who currently serves as president of Institutional Retirement at TIAA.

Armishaw has been actively involved in financial services management for more than 27 years. Prior to establishing Armishaw Consulting, he held many roles at HSBC Holdings Group, where he specialized in the technology and services sectors during a nearly decade-long tenure. Previously, he held positions at E-Loan TD, First Direct TD, Baring Securities and Andersen Consulting (now known as Accenture). Armishaw received bachelor’s and master’s degrees in engineering, economics and management from the University of Oxford.

Williamson has more than 19 years of experience teaching business and finance and has research expertise in risk management, corporate governance and corporate liquidity. Before joining the faculty at Georgetown University’s McDonough School of Business, he held positions as a financial analyst for the Chrysler Corporation and was an aircraft research engineer at the Lockheed Martin Corporation. He received a Bachelor of Science in biomedical engineering at the University of Dayton, a master’s degree in business administration from Clark Atlanta University, and a Master of Arts and a Ph.D. in business administration from The Ohio State University

About TIAA-CREF Trust Company, FSB

The mission of TIAA-CREF Trust Company, FSB, part of the TIAA family of companies, is to serve individuals, families and institutions in the not-for-profit segment by providing high-quality, differentiated banking, lending and fiduciary products and services designed to help our clients achieve the best possible financial outcomes.

About TIAA

TIAA (TIAA.org) is a unique financial partner. With an award-winning track record for consistent investment performance, TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. TIAA has $854 billion in assets under management (as of 12/31/2015) and offers a wide range of financial solutions, including investing, banking, advice and guidance, and retirement services.

Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.

‡Deposit and lending products and services are provided by TIAA Bank®. TIAA Bank is a division of TIAA, FSB, an Equal Housing Lender and Member FDIC. TIAA, FSB NMLS ID: 399805.

The TIAA group of companies does not provide legal or tax advice. Please consult your legal or tax advisor.

TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC , distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Each of the foregoing is solely responsible for its own financial condition and contractual obligations.

Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. Its California Certificate of Authority number is 3092.

TIAA-CREF Life Insurance Company is domiciled in New York, NY, with its principal place of business in New York, NY. Its California Certificate of Authority number is 6992.